BTC price evaluation: Where are we at?

Today caps off an interesting and eventful week of price action for Bitcoin. BTC currently sits at roughly $3870 on Blockmodo at the time of this writing. But where are things headed?
One of the most pressing questions right now wonders if Bitcoin’s price has bottomed yet, signalling a price reversal for Bitcoin, as well as the market.
Current sentiment seems to speculate a drop below $4k for BTC. This begs the question – if too many people are expecting that move, will it really hap